“Take emotions out of the investment decision-making process. That is why our mantra has been Love the Money, Not The Stock,” says Sumit Chanda, CEO & Founder, JARVIS Invest. In an interview with ETMarkets, Chanda who has over 18 years of experience in the BFSI space, said: “I feel the Banking Sector will turn out … Read more
Pressure on the rupee is expected to ease soon with forward premiums likely rising from decadal lows after the Reserve Bank of India (RBI) this week signalled its intent of minimal future interventions in the currency-derivatives market by easing instrument-level curbs to encourage potential dollar inflows. The local unit advanced Thursday against the US dollar. … Read more
The Indian rupee tested a series of record lows in recent weeks and Standard Chartered Plc. foresees more losses for the currency in the coming months. “The main two factors that are building up that can weaken the rupee are mainly on the worsening trade and capital flow dynamics,” Parul Mittal Sinha, head of India … Read more
The Indian rupee weakened past 79 per dollar, plumbing record lows in early trade, as investors retreated from Indian share markets on Friday with the greenback staying strong against major peers due to prospects for higher U.S. interest rates and fears of a widespread recession. By 0352 GMT, the partially convertible rupee was trading at … Read more
NEW DELHI: The rupee on Wednesday fell to an all-time low of 78.86 against the US dollar at the open. A few analysts said it is a matter of time till it touches the 79 mark. The partially convertible rupee was trading at 78.94/95 per dollar. The currency closed at 78.77 on Tuesday. “As equity … Read more
New Delhi: Foreign investors continue to desert Indian equity markets and pulled out close to Rs 46,000 crore so far this month following monetary policy tightening by the Reserve Bank and US Federal Reserve, high oil prices and volatile rupee. The net outflow by foreign portfolio investors (FPIs) from equities reached Rs 2.13 lakh crore … Read more
India’s central bank appears to have ramped up intervention in the forwards market to slow the rupee’s decline and preserve its hard-earned reserves. The Reserve Bank of India has run down its forward-dollar book by $12 billion to $15 billion from about $64 billion at the end of April, according to estimates by DBS Bank … Read more
(This story originally appeared in on Jun 16, 2022) Mumbai: Net foreign fund outflow from India in 2022 has crossed the Rs 2-lakh-crore mark, the biggest annual figure ever and more than double the previous high of Rs 80,917 crore recorded in 2018. Of the total, over 90%, or about Rs 1.9 lakh crore, was … Read more
Month of May was particularly bad for IT stocks, as reflected in about 6 per cent drop in Nifty IT index. The main reason for such a fall is now crystal clear – data released by NSDL shows foreign portfolio investors (FPIs) sold stocks worth over Rs 16,000 crore from the sector amid volatile rupee. … Read more
With the Indian rupee falling to an all-time low, the Congress on Monday shot a barb at the Modi government, saying the Indian legal tender is in the “ICU”. In a sharply-worded Facebook post, Rahul Gandhi said the prime minister cannot keep the economic and social realities of India “hidden forever”. He asked Prime Minister … Read more